HB1828

Authorizes issuance of state bonds to fund motor vehicle purchases for Itta Bena, Mississippi.

Mississippi HB1828 authorizes the State Bond Commission to issue up to $200,000 in general obligation bonds to fund the City of Itta Bena's purchase of motor vehicles. The bond proceeds will be deposited into a special fund, the "2026 City of Itta Bena Motor Vehicle Acquisition Project Fund," to cover the costs of two vehicles for the police department, two for public works, and one for city hall. The bonds will mature within 25 years, bear interest, and be exempt from state taxes. The act takes effect July 1, 2026, and bond issuance must cease by July 1, 2030.